Go back to previous topic
Forum nameGeneral Discussion
Topic subjectFam the folks you mentioned are not accused of Insider Trading.
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13413749&mesg_id=13450179
13450179, Fam the folks you mentioned are not accused of Insider Trading.
Posted by Buddy_Gilapagos, Thu Dec-16-21 02:54 PM
The 49 members of Congress and 182 senior congressional staffers who violated the act did not violate the Act by insider trading, but rather violated the Act (or more accurately were not in compliance with the Act) by filing late paperwork.

https://www.businessinsider.com/congress-stock-act-violations-penalties-consequences-2021-12

To treat their violations as tantamount to insider trading is not doing anyone any good.

I don't know if you actively withheld that important piece of information or didn't know it.

Look I don't want to spend a lot of time defending congress people but you can't have any good discussion on these topics unless you get the facts right.



**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"